European Commission does not expect fuel supplies to be dramatically impacted by the crisis in Eastern Europe
It comes ahead of a meeting of foreign ministers this evening, where they’ll be discussing possible sanctions on Russia’s financial services and energy industries.
European Commission spokesperson for Climate Action and Energy, Tim McPhie, says the EU is prepared for any shortfalls:
“The President and Commissioner Simpson has been in talks with a number of countries over the course of several months now that are ready to step up their their supply of LNG gas. We’re also in contact with other international partners. For example, Japan, Korea about the possibility of redirecting contracted LNG cargoes from these countries to Europe.”